Fishers Real Estate Market Holds Steady in September, 2012

The Fishers real estate market was a microcosm of the Central Indiana real estate market as a whole in September of 2012. As is typical for Central Indiana, the onset of the fall season brought with it a significant decrease in overall activity, particularly as it concerned sales. The most recent total of 121 closings that took place in September marks the 3rd straight month that sales have fallen in Fishers, and is also a 24.8-percent decrease versus the 161 closings that took place just one month prior, in August. Versus 12 months ago, a total of just 1 fewer closing took place, which translates to a decrease of barely 1 percent. On the plus side, from August through September of this year an average of 155 closing took place each month, or 14.8 percent more, relative to this same quarter in 2011.

One stat that stood out in our 12-month comparison was that of pending sales. While the most recent total of just 108 represents a 21.2-percent decrease relative to August’s total of 137, compared to September of 2011 it is an unmistakable increase of nearly 32 percent. As well, from August through September of this year there were 16.7 percent more pending transactions in the pipeline compared to this same quarter last year.

Sellers benefited from a 1.2-percent decrease in total listings. September’s total of 581 listings represents a 10.8-percent decrease versus this same month last year. And of the 581 homes listed for sale in September, 166 came in the form of new listings. Moreover, the average number of homes listed for sale from August through September of this year was down almost 10 percent versus this same 3-month period 1 year ago.